Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) (“ION” or the “Company”) is pleased to provide an operational update as our team conducts site visits in Mongolia.

Ion Energy CEO Ali Haji is in Mongolia for strategic site visits from April 16-26^and, in anticipation of sharing plans with the market for our ongoing drilling programs. He will be accompanied by members of the high-level technical team, including: the director of ION, Enkhtuvshin Khishigsurenwith 30 years of experience in the discovery of Mongolian minerals, Don Hains, P.Geo, MBAchief technical adviser, and Dr. Mark King, PhD, PGeo.

“Now that the borders are fully open, I am delighted that top industry experts are seeing our projects first hand and working with our Mongolian team to launch the next phase of our fully funded exploration programs. Our preliminary results bolstered the long-term lithium potential of our Baavhai Uul and Urgakh Naran projects, as we strive to play a pivotal role in Asia’s battery metal supply hub. I’m really excited to provide updates from Mongolia over the next few days.” says Ali Haji, CEO and Director of ION Energy Ltd.

This visit also provides the CEO of ION with the opportunity to personally thank the dedicated members of the exploration team for their commitment and flexibility since the onset of the pandemic, in pursuing our first drilling program at the site. Baavhai Uul lithium brine lighthouse, while ensuring everyone’s safety and health. .

ION exploration programs:

This visit to the country is an important milestone for Ion Energy, after two years of pandemic-related delays and border closures. The following outlines how the Company plans to advance each of these programs:

• TEM Geophysics; and
• Hydrogeological sampling

Figure 1. Site visit of Baavhai Uul and Urgakh Naran projects.

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Figure 2. Urgakh Naran 2022 exploration plans: already started

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“Live from Mongolia”: 15-minute shareholder summit – April 25:

Save the date and join us April 25^and at 8:30 a.m. EST.

The CEO of Ion Energy will provide a quick update after the site visits, and you will have the opportunity to ask him about our next key steps. Register HERE.

About ION Energy Ltd.

ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is committed to exploring and developing the lithium salt flats of Mongolia. ION’s flagship project, the 81,000+ hectare Baavhai Uul Lithium Brine Project, represents the largest and first lithium brine exploration license in Mongolia. ION also holds the very promising Urgakh Naran Lithium Brine license of over 29,000 hectares in the Dorngovi province of Mongolia. ION is well positioned to be a key player in the clean energy revolution, well positioned to meet the growing global demand for lithium. Information about the Company is available on its website, www.ionenergy.ca, or under its profile on SEDAR at www.sedar.com.

For more information:

MEDIA CONTACT: Ali Haji, [email protected], 647-871-4571

MEDIA CONTACT: Siloni Waraich, [email protected], 416-432-4920

Caution Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

The information in this press release contains forward-looking statements. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words that indicate that the Company or management expects a stated condition or result to occur. Forward-looking statements can be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will” or “plans”. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not guarantee that actual results will meet management’s expectations. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this press release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, potential mineralization, exploration and development results, estimate mineral resources, exploration and mine development plans, timing of commencement of operations and estimates of market conditions. Important factors that could cause actual results to differ materially from Ion Energy’s expectations include, among others, uncertainties relating to the availability and costs of necessary financing in the future, changes in the stock market, risks related to international operations, actual results of ongoing exploration activities, delays in project development, conclusions of economic assessments and changes in project parameters as plans continue to be refined as well as future lithium prices, and the ability to predict or thwart the potential impact of the COVID-19 coronavirus on factors relevant to the Company’s business. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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